Issues on the Restructuring of the Korean Automobile Industry

Abstract

Unlike automobile industries in other developing countries, the Korean automobile industry obtained good results without being subordinate to multinational automobile companies. The industry has followed independent strategies, and daringly entered into advanced countries’ markets. In 1997 the Korean automobile industry, which virtually started in 1962, was the 4th largest car-producing country in the world (2,818,000 cars) and the 6th largest car exporting country (1,317,000 cars).